The New
Zealand Dollar has been strengthening versus the US Dollar and has broken above
the 0.7500 round number level. Apparently the bullish momentum continues and a
visit to the 0.7600 level is possible. If we see a pullback to the 0.7500
level, then that could be a good opportunity to open a long position. If the
price does not pull back and just continues rising, then be attentive to a
possible visit of the 0.7600 level, because we may get a bounce to the downside
from there.
The trend seems to be losing strength.
ReplyDeleteI too think it might reach 0.7600.
ReplyDeleteIt´s not clear enought.
ReplyDeleteExcellent analysis
ReplyDeleteVery useful analysis.
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeleteThere is possibility to visit 0.7600 level.
ReplyDeleteGood analysis.
ReplyDeleteVery nice.
ReplyDelete